IMF Research Bulletin

Issue Number

Latest documents

• Interview With Gita Gopinath
• Technological Change And The Future Of Work
• Is Misallocation Really Mismeasurement?
• The Power Of Text
• Our Common Energy Future
• Note from the guest editor
• Adieu to Maury

  Maurice (Maury) Obstfeld, our chief economist and RES Director, is retiring at the end of the year after more than three years on the job. His time here has been marked by many achievements, of which this short column can only elucidate a couple, while conveying some of the more personal and intangible aspects that we learned about him and that have influenced IMF staff over his tenure.

• Frontiers of Monetary Policy: Interview with Doug Laxton on the new book Advancing the Frontiers of Monetary Policy with Tobias Adrian and Maurice Obstfeld

  Since the global financial crisis, the scope of central banking has expanded and new challenges have arisen. Marika Santoro interviews Doug Laxton, one of the authors of the IMF book Advancing the Frontiers of Monetary Policy. In their discussion, Doug will guide us through the development of new tools and frameworks at central banks. The conversation will also review central banks’ communication strategies and how transparency has become key in managing expectations and engendering macroeconomic stability.

• Housing Strikes Back: Remaining Attuned to Risks

  It’s déjà vu all over again! House prices are going through the roof in major cities across the globe, reviving memories of the US boom that ended in a global financial meltdown.1 They are also raising concern about affordability, with millennials increasingly priced out and at risk of turning into "forever renters.

• Tariffs in a Globalized World

Featured documents

• Trade Finance and Its Role in the Great Trade Collapse

  The Great Recession stimulated research on many issues that had been overlooked previously in the profession. Trade finance is one of the best examples of these issues. Although trade finance has served as the primary driver of international transactions for centuries, it received its due attention ...

• Q&A: Seven Questions on Financial Interconnectedness
• IMF Working Papers
• IMF Working Papers
• Reforming Dual Labor Markets In Advanced Economies

  Labor market duality has increased dramatically in many advanced countries in recent years. While duality has some positive aspects, microeconomic and cross-country studies suggest that an excessive reliance on “non-regular” employment has a negative impact on total factor productivity (TFP) and...

• Winning the Oil Lottery: The Impact of Natural Resource Extraction on Growth

  This summary provides evidence of the causal impact of oil discoveries on development. Novel data on the drilling of 20,000 oil wells in Brazil allows us to exploit a quasiexperiment. Municipalities where oil was discovered constitute the treatment group, while municipalities with drilling but no...

• Housing Strikes Back: Remaining Attuned to Risks

  It’s déjà vu all over again! House prices are going through the roof in major cities across the globe, reviving memories of the US boom that ended in a global financial meltdown.1 They are also raising concern about affordability, with millennials increasingly priced out and at risk of turning into ...

• Interview With Gita Gopinath
• Technological Change And The Future Of Work
• Dismal Employment Growth in EU Countries: The Role of Corporate Balance Sheet Repair and Dual Labor Markets

  Large differences among European Union countries in postcrisis employment growth to a large extent were driven by the need to adjust corporate balance sheets, which had greatly deteriorated during the boom years in some countries but not in others. To close the large gaps between saving and...